[Graphic News] S. Korean film market shrinks for 2nd year in a row in 2021 amid protracted pandemic
BusinessMar 4, 2022
South Korea’s filmmaking industry contracted for a second straight year in 2021 due mainly to the yearslong COVID-19 pandemic, government data showed. The aggregated revenue of the local film market, which includes domestic sales of movie tickets, online releases and exports, reached 1.02 trillion won ($855 million) last year, according to data from the Korean Film Council. It is a slight on-year decrease from the previous year’s 1.05 trillion won but marks plunge from 2.